Great Wall, China's largest private carmaker and exporter, earlier said it considered investing $100 million in the construction of its own car assembly plant in Yelabuga, in the Volga republic of Tatarstan.
"As for the project of Great Wall in Tatarstan, then we, for our part, have already made all the principal decisions, and only technical issues remain," German Gref said during his meeting with Chinese Minister of Commerce Bo Xilai.
He said the government of Tatarstan, the administration of the Yelabuga special economic zone and Great Wall Corporation "will finally resolve all issues concerning the locality for car production" by November of this year.
He added a final agreement will be reached at a meeting of the Russian and Chinese prime ministers in Beijing in November.
The Chinese company has sold its cars on the Russian market since 2004. It exported about 9,000 cars to Russia in 2005, and 3,800 cars in the first six months of 2006.